Nigeria’s Budget Benefits From Higher Oil Prices In March

Nigeria received distributable revenues of $1.53 billion (467.81 billion naira) in March thanks to higher royalty income from the oil industry and better international prices. At the same time, however, revenues from crude oil exports fell by $6.4 million last month, on the back of lower shipments abroad, the government said in a statement. The decline in exports itself was caused by lower production – the result of last year’s pipeline attacks that required the temporary shuttering of infrastructure, including the Forcados terminal.…

The post Nigeria’s Budget Benefits From Higher Oil Prices In March appeared first on bestforexmoney.info.

Tags: